FuzeX: A PREVIEW

thaddaeus(41)

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The blockchain technology and its services brought with it the first type of transparent, secure and decentralized type of currencies and as the years went by and even better technological advancement surfaced, the blockchain also got more advanced and even capable of establishing business solutions through "smart contract" used by the Ethereum blockchain.

Due to how the bitcoin was it didn't take long for people to see how unique the currency is, and investment in cryptocurrencies began, till date billions of dollars have been invested in cryptos making the wealth of so many people tied there.

However, these cryptocurrencies are regarded as "money" since they almost have all the characteristics of fiat money, "almost" because cryptocurrencies unlike real money can still not be easily used to lay for goods/services the way one can make use of credit card to pay for goods at a local store.

The process of actually using a cryptocurrency to pay for goods offline is highly inconvenient, complex and slow due to this a complete global adoption of cryptocurrencies is still yet to be possible.

The real-world crypto usability issue caused for some blockchain, cryptocurrency and business experts to come together in designing a solution known as the FuzeX Ecosystem.

      THE FUZEX ECOSYSTEM

The FuzeX team created the FuzeX Ecosystem which features the FuzeX Card, FuzeX Wallet and FuzeX Exchange with an aim of solving the usability problem plaguing cryptos world wide, as well as making all types of currency payment (fiat, cryptos and rewards) secure, reliable and friendly to both its users who use it as payment for the goods they buy and to the merchants who receives it.

Features of FuzeX Ecosystem

The FuzeX Card: This is a smart electronic card that gives its holders the opportunity of fusing or merging up to 30 different type of their financial cards in just this one card and it will still be capable of fulfilling the purpose of each one thereby giving its users the relief of not having to carry so many cards around.

Benefits

Once connected to a users various accounts, through their FuzeX wallet app to the FuzeX ecosystem, they can be able to pay for all kinds of purchases with their FuzeX card.
The FuzeX Card also functions as a hard wallet for storing private keys.
It will help reduce risks of losing funds to cyber attacks.
With this card, making any kind of purchases with cryptocurrencies will be made easier to both the user and merchant.

The FuzeX Wallet: This wallet gives its users the benefit of storing, spending, receiving and transferring tokens.

With this wallet, and authenticated user of the FuzeX ecosystem can be able to easily exchange cryptocurrencies in accordance to the local fiat currency value thereby eliminating the complex way cryptocurrencies are currently exchanged.

The FuzeX Exchange: This is the heart of the FuzeX ecosystem that will make the acceptance of cryptocurrency go global. With a goal to be able to spend cryptocurrency on FuzeX card, this will be fulfilled by enabling a particular cryptocurrency that the card holder wants to use as payment and then convert it to the current local exchange rate and merchants will be able to receive fiat currencies as they always do. The FuzeX card will merge with EMV POS terminal standards so that the unnecessary overhead needed in order for every cryptocurrency company to create contracts with different vendors will be terminated.

THE FXT TOKEN
This is a utility Ethereum (Erc20) based token and the internal cryptocurrency of the FuzeX ecosystem. FXT token holders will enjoy the benefits of purchasing the FuzeX cards with the token, pay low annual membership and transaction fees. The funds generated will be used to develop the FuzeX ecosystem and the widespread use of the token will become more liquid and have extra values to its holders.

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